COMMERCIAL LOANS & IP

Auction by: Maltz Auctions

UCC Foreclosure Auction

Commercial Loans & Intellectual Property

Live Auction

Began: Tuesday, September 10, 2019 at 11:00 AM EDT

Location: Holland and Knight LLP, 31 West 52nd Street, 12th Floor, New York, NY 10019

Details

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UCC Foreclosure Auction

Commercial Loans & Intellectual Property

 

Details:

  • A public sale shall be conducted of the personal and fixture property, whether previously, now or hereafter, constituting the items on Schedule 2 (collectively the “Collateral”) of THE CREDIT JUNCTION HOLDINGS, INC. (“Parent”), TCJ II, LLC (“Borrower”) and TCJ I, LLC (“TCJ 1” and, together with Borrower and Parent, each individually, a “Debtor” and collectively, the “Debtors”).

 

  • Entity Overview:
    • TCJ II, LLC: 
      • A pool of up to twenty performing and non-performing commercial loans with a purported outstanding principal balance of approximately $37,000,000 purported to be secured by some or all of the assets of the applicable borrowers.  The loans were purported to have been made to borrowers headquartered in a variety of states, including California, New York, Florida, Virginia, Texas, Michigan, Missouri, South Carolina, Pennsylvania and Montana.  A brief summary of the information provided to us by TCJ II, LLC with respect to the loans is attached (though no representation is made as to its accuracy) and additional information is available upon request and the entry into an acceptable non-disclosure agreement. (LOAN POOL SUMMARY AVAILABLE FOR DOWNLOAD UNDER THE “DOCUMENTS” TAB)
      • A film and media library relating to programs and episodes across various genres such as educational and informational and crime and thriller, related intellectual property, rights under license and distribution rights and other production material.  This library was collateral for a non-performing loan owned by TCJ II, LLC and was purportedly recently foreclosed upon by TCJ II, LLC.  Additional information is available upon request and the entry into an acceptable non-disclosure agreement

 

    • TCJ I, LLC:  A pool of up to five non-performing commercial loans with a purported outstanding principal balance of approximately $3,600,000 purported to be secured by some or all of the assets of the applicable borrowers.  Additional information is available upon request and the entry into an acceptable non-disclosure agreement.

 

    • The Credit Junction Holdings, Inc.:  All intellectual property rights of The Credit Junction Holdings, Inc., including, without limitation all software developed and owned by The Credit Junction Holdings, Inc., the rights to two U.S. trademarks and the rights to certain internet domain names.

 

a.       The software developed and owned by The Credit Junction Holdings, Inc., including their servicing and origination platform software.

b.       The rights to the following trademarks:

               

Trademark

Country

Serial Number

Reg. No.

Reg. Date

THE CREDIT JUNCTION

United States of America

86232757

4691081

February 24, 2015

CREDIT JUNCTION

United States of America

86232733

4691080

February 24, 2015

 

                c. The rights to the following domain names:

                             amerigo.io

amerigodata.com

amerigodata.io

amerigodata.net

amerigodata.org

borrowerdata.com

borrowerdata.io

borrowerdata.net

borrowerdata.org

lenderdata.io

lenderdata.org

thebetajunction.com

thefuturejunction.com

tcjlocal.com

tcjlocal.io

thedatajunction.com

thedatajunction.io

thefeaturejunction.com

thegeeksjunction.com

thenerdsjunction.com

theotherjunction.com

thecreditjunction.com

d. All trade secrets, supplier lists, customer lists, contact lists, prospect lists, assignable licenses and permits, processes, know-how, show-how, files and other records, assignable telephone numbers, copyrights and copyrightable material, e-mail addresses, technical information and proprietary information.

e. All assignable software licenses from third party vendors

f. All computers, communications devices, electronic systems or media.

g. All other furniture and equipment owned by The Credit Junction Holdings, Inc.

 

 

Auction Date & Time:  Tuesday, September 10, 2019 at 11:00 am

Auction Location:  Holland and Knight LLP, 31 West 52nd Street, 12th Floor, New York, NY 10019.

Terms & Conditions of Sale:  In order to qualify to bid, all prospective bidders must contact counsel for the Secured Party at brent.mcilwain@hklaw.com  before 5:00 pm EST, on Monday September 9, 2019 and provide Secured Party with current contact information and such adequate assurances of the bidder’s ability to perform as Secured Party may reasonably request.  Interested parties are urged to contact Brent R. McIlwain at brent.mcilwain@hklaw.com for additional information regarding the auction sale. The highest qualified bidder is required to deposit the full amount of the bid price in escrow with Holland and Knight, LLP no later than September 10, 2019, at 5:00 pm EST.    Please download the Global Public Sale Notice.

Buyer’s Premium:  A four percent (4%) Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.

  

Holland & Knight, LLP, Attorney for the Secured Party
 Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the asset is made by the Seller, Auction Company or any of their Agents. Maltz is acting exclusively as marketing agent for the Sellers.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and asset.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the asset.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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